The Syrian airfield prepare for reception of military aircraft of China
The latest news about fast emergence in borders of Syria of navy of China encouraged Syrians and res[...]
Airport Improvement Program Funds (AIP)3
AIP funds are federal monies (derived from taxes and fees specifically collected for that purpose) administered by the FAA. These include a domestic ticket tax and flight segment fees on domestic flights, an international arrival and departure tax, a domestic tax on air freight, and a per gallon fuel tax on aviation fuels. The FAA distributes more than $3.8 billion annually out of AIP funds to airports. Airport owners and sponsors provide a minimum of 10 percent share in any project funded by AIP grants.
Airport User Charges
Airport user charges are either (1) aeronautical user charges or (2) nonaeronautical user charges.
1. Aeronautical user charges include landing fees, apron, gate-use or parking fees, fuel – flow fees, and terminal charges for rent or use of ticket counters, baggage claim areas, administrative support quarters, hangars, and cargo buildings.
2. Nonaeronautical user charges include rentals to terminal concessionaires, automobile parking, rental car fees, and rents and utilities for hotel, gas station, and related facilities.
Passenger Facility Charges (PFCs)
In 1990, Congress authorized airports to charge a per-passenger enplanement fee to be used for the financing of airport capital improvements and the expansion and repair of airport infrastructure. These are called Passenger Facility Charges (PFCs) and they are collected by the airlines as a part of the ticket price for the benefit of airports. As of 2012, the PFC program allows the collection of $4.50 for every boarded passenger at commercial service airports.4 These funds may be used for three specific purposes: (1) to
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U. S. Airports Remain Financially Sound All 74 S&P-Rated U. S. Airports have Investment-Grade Credit
FIGURE 33-3 U. S. airports remain financially sound. Source: “FAA Funding reductions could ground some U. S. Airport Projects,” Standard & Poor’s (April 5, 2012) |
Interest
payments on outstanding debt for eligible capital improvements
FIGURE 33-5 98% of airport revenue comes from airport users: U. S. Airport Sources of Revenue, 2001.
preserve or enhance safety, security, or capacity;
(2) to reduce noise or mitigate noise impacts; and
(3) to enhance air carrier competition.
Over $84 billion in airport capital improvements have been made using PFC monies through September 2012. This amounts to over 30 percent
of all airport capital investment in the United States. PFC funds are used for airside projects; terminal area projects; interest costs on airport bonds; access projects such as roadways, people movers, or transit projects; and noise mitigation projects. They have been used specifically for new runway construction and new gate construction, but they are not permitted to be used for parking garages, terminal concession areas, or areas leased by a specific airline for more than five years.